Shares of LoanDepot, Inc (NYSE:LDI) are down 1.8% to trade at $4.44, on track for its first loss in four sessions, pulling back from recent upbeat movement on the charts. In the past two weeks, LDI has twice notched its best-single day percentage gain since February 2021. September in particular is pacing to be its best month yet, up 108.2%, lifting the stock from its April lows to a now 118.4% year-to-date gain.
There are plenty of room for upgrades, should bearish sentiment begin to unwind. Heading into today, seven of the eight covering brokerages sport a "hold" or worse rating on LDI.
The stock is making waves in the options pits, with 56,000 calls and 11,000 puts exchanged so far, double the average volume. The most active contract is the February 5 call, while the September 50 call sits closely behind.
